Morgan Stanley Raises J P Morgan Chase & Co (JPM) Price Target to $107.00

J P Morgan Chase & Co (NYSE:JPM) had its price objective boosted by equities researchers at Morgan Stanley from $99.00 to $107.00 in a note issued to investors on Friday. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 11.47% from the company’s current price.

Several other analysts have also issued reports on JPM. BMO Capital Markets upped their price target on shares of J P Morgan Chase & Co from $86.00 to $91.00 and gave the company a “market perform” rating in a research report on Friday. Robert W. Baird upped their price target on shares of J P Morgan Chase & Co from $88.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of J P Morgan Chase & Co in a research report on Thursday. Jefferies Group LLC set a $111.00 price target on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Friday. Finally, Citigroup Inc. upped their price target on shares of J P Morgan Chase & Co from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $91.07.

J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The business had revenue of $25.33 billion for the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share.

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In other news, insider Nicole Giles sold 1,000 shares of J P Morgan Chase & Co stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $91.29, for a total transaction of $91,290.00. Following the transaction, the insider now owns 3,783 shares in the company, valued at approximately $345,350.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marianne Lake sold 17,596 shares of J P Morgan Chase & Co stock in a transaction on Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The disclosure for this sale can be found here. Insiders have sold a total of 28,564 shares of company stock worth $2,605,334 in the last quarter. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. boosted its stake in shares of J P Morgan Chase & Co by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,289 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 12 shares during the last quarter. IPG Investment Advisors LLC boosted its stake in shares of J P Morgan Chase & Co by 0.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 17 shares during the last quarter. BSW Wealth Partners boosted its stake in shares of J P Morgan Chase & Co by 0.5% during the 1st quarter. BSW Wealth Partners now owns 4,889 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 26 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of J P Morgan Chase & Co by 0.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 5,128 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 26 shares during the last quarter. Finally, Financial Advisory Service Inc. boosted its stake in shares of J P Morgan Chase & Co by 0.7% during the 1st quarter. Financial Advisory Service Inc. now owns 5,028 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 77.89% of the company’s stock.

J P Morgan Chase & Co Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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